BTCUSD Forecast
If price breaks the anchor candle on the Daily Time Frame, BTCUSD is expected to explore into the good uptrend, as shown on the H4 chart, price is nearing the 76.8 % Reversal zone from the Fibonacci drawn on the Daily Chart, if price doesn't retrace at 88.6%, either a double top will form, or the Downtrend will be completely broken, the seeing as the market broke downward structure, an bullish market seems more than possible.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.